EtherFi, a protocol focused on Liquid ETH Restaking, has reached a significant milestone with a Total Value Locked (TVL) of $250 million. The platform has experienced substantial growth in recent weeks, attracting attention within the decentralized finance (DeFi) community. Users can earn loyalty points and EigenLayer points simultaneously by staking on EtherFi. The liquid staked token offered by EtherFi, referred to as eETH, allows for participation in unique market opportunities, such as the Pendle Finance Yield vs. Principal (YT vs. PT) contract. Industry discussions highlight EtherFi as an under-appreciated project in the liquid restaking meta, with the recent integration between Pendle Finance and EtherFi being praised as a strategic move. This integration allows users to swap points for real yield, with the market implying a value of EtherFi and EigenLayer points at over 20%, and offering a fixed yield of 26.39%. Additionally, EtherFi has successfully utilized Balancer's Yield-Bearing native technology to facilitate the growth of its Liquid Restaking Token, reaching a milestone of 100,000 ETH staked.
.@ether_fi has been utilizing Yield-Bearing native Balancer Tech to help enable efficient Liquid Restaking Token growth over the past few months. Congratulations on 100,000 $ETH staked! https://t.co/pLnRocAVQV https://t.co/lEXcvGgbPL
.@pendle_fi x @ether_fi integration is actually genius and the beginnings of a points - real yield swap “Forfeit your points to get a fixed 26.39% yield” This shows the market implies the value of Etherfi and Eigenlayer points at >20% https://t.co/eWxViwFJqb
Had an awesome conversation with @DeFi_Dad @Nomaticcap @boz_menzalji and @AshishAPatel about all things DeFi. @ether_fi stuck out as an under-appreciated project in the liquid restaking meta so I redeposited. Can earn points + Eigenlayer points directly now.…
for its extreme degeneracy wrapped in elegant simplicity, the @pendle_fi YT vs. PT contract for @EtherFi eETH is probably the most mind blowing market for any two things I've ever come across ... - b/c you need to understand staking, restaking, yield vs principal components,… https://t.co/LmGypAYQvu
That’s a lot of ETH, congrats to team 🚀 https://t.co/QmV99otnvZ
The opportunity of the day Protocol: @Ether_Fi Type: Liquid ETH Restaking TVL: $250M Thoughts: EtherFi has seen significant growth over the last weeks. By staking, you collect both loyalty points and EigenLayer points at the same time. You can use their liquid staked token…
The opportunity of the day Protocol: @EtherFi Type: Liquid ETH Restaking TVL: $250M Thoughts: EtherFi has seen significant growth over the last weeks. By staking, you collect both loyalty points and EigenLayer points at the same time. You can use their liquid staked token…
Congratulations to the @ether_fi team & community! Exciting times and just getting started. Huge milestone! https://t.co/cLgXNFgBME